Westmont, IL 60559 308 E 55th Street

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Presented By: RE/MAX 10 in the Park
  • MLS# 12416019
  • 07/11/2025
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Home Details

Compliment your investment portfolio with this vintage-style stone masonry 6-unit apartment building, owned and well-maintained by a long-term owner. Located in a highly desirable area with consistently easy-to-rent units, the property features stable, long-term tenants-many currently paying under-market rents-offering excellent rental upside. The building includes a unique mix of units, including one spacious 2-bedroom, 2-bath unit (formerly owner-occupied) featuring a master bedroom with walk-in closet, separate forced-air heating and central air, a private deck, carport, and a large storage area with a garage-style overhead door currently used by the owner. There is also one 2-bedroom, 1-bath unit, three 1-bedroom, 1-bath units, and one studio apartment. Each unit offers individually controlled thermostats for tenant comfort. The basement provides coin-operated laundry facilities for added income. Key improvements include a new roof (2023) and a new driveway (2024). Perfectly positioned near Hinsdale and close to major amenities, this is a rare opportunity to acquire a high-potential, income-generating asset. Don't miss out-schedule your showing today!
Presented By: RE/MAX 10 in the Park

Interior Features for 308 E 55th Street

Other Interior Features

BasementUnfinished
Total Fireplaces1

General for 308 E 55th Street

Additional Parcels Y/NNo
Cap Rate4.1
CityWestmont
Construction MaterialsBrick, Stone
ContingencyAttorney/Inspection
CoolingCentral Air, Partial, Window Unit(s)
CountyDuPage
Directions55TH STREET TO PROPERTY, NORTH SIDE OF THE STREET (NO FOR SALE SIGN)
Electric Expense1571
Fuel Expense5156
Gross Income79920
Insurance Expense9681
Lot Size Square Feet14995
MLS AreaWestmont
Maintenance Expense8028
ModificationTimestamp2025-07-21T14:12:01.791Z
Net Operating Income33059
Number Of Units Total6
Operating Expense48781
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count2
Tax Annual Amount12133
Tax Year2023
Tenant PaysVaries by Tenant
TownshipDowners Grove
Trash Expense526
UtilitiesWater Available
Water Sewer Expense2843
Year Built1934

Exterior for 308 E 55th Street

Frontage TypeCity Street
Lot Dimensions100X150
Lot Size Acres0.34

Additional Details

Price History

Client Care

Price $799,873
MLS#12416019
List Date 07/11/2025
Property Type Contingent
Phone 847.485.2500
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